Question: A stock is expected to return +10% in a Strong economy, +5% in an Average economy, and lose 2% in a Recession. The probability of

A stock is expected to return +10% in a Strong economy, +5% in an Average economy, and lose 2% in a Recession. The probability of a Strong economy is 20%, and the probability of an Average economy is 55%. What is the expected return of this stock? ENTER YOUR ANSWER AS A DECIMAL. YOUR ANSWER SHOULD BE IN 2 DECIMAL PLACES WITH no SYMBOLI.. 7.75% 775)

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